Rumours are circulating that PPR, the luxury conglomerate that owns the likes of Stella McCartney, Alexander McQueen, Yves Saint Laurent and Gucci, may be about to invest in British designer Christopher Kane.

Last week, Kane, a Scots-born Central Saint Martins graduate,
denied rumours
that he was set to succeed Nicolas Ghesquière as the creative director of Balenciaga, which is also owned by PPR. A day later, he announced that he was
leaving his design role at Versace sister line Versus
, fuelling yet more speculation that he was readying himself for a new role. However, if today's rumours do prove to be true it could mean that Kane was in fact positioning himself to spend more time on his fledgling label which with the backing of PPR would surely be elevated onto the global stage.